Brynwood-backed Hometown Food to acquire the Chef Boyardee brand from Conagra Brands for $600m.

Brynwood-backed Hometown Food, a manufacturer and marketer of a portfolio of American baking brands, agreed to acquire the Chef Boyardee brand from Conagra Brands, a branded food company, for $600m. "We are thrilled to welcome Chef Boyardee into the Hometown family and will run the business from our corporate headquarters in Chicago. We look forward to working with the Conagra team to effect a smooth transition of the business," Tom Polke, Hometown Food President and CEO.